Telegram Bot Banana Commits to Covering $3 Million Lost in Hack 👇

Telegram-based cryptocurrency trading bot Banana Gun has announced it will refund users who lost $3 million in a recent hack.

On September 25th, the Banana Gun X account stated that, following the attack on September 19th, “All impacted users will be fully refunded from the Banana Gun treasury, with no tokens being sold for reimbursements.”

The hack targeted just 11 traders, specifically focusing on “smart money traders and crypto veterans who navigate the space and are not easy to scam.” All targets were noted to be “known” in the community, either due to their social presence or trading expertise.

Banana Gun, like other trading bots, facilitates automated trading using algorithmic strategies to optimize profitability. On September 19th, users reported unauthorized outbound transfers from their wallets, with attackers executing transfers while users interacted with the bot.

The attack impacted both Banana Gun’s Solana and Ethereum Virtual Machine (EVM) bots.

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